Jul222014

Retail sales increased 0.2% in June. Business inventories rose 0.5% in May. The producer price index for total final demand rose 0.4% in June. Industrial production increased 0.2% in June. Housing starts declined 9.3% in June to an annualized pace of 0.893 million units. Building permits declined 4.2% to an annualized pace of 0.963 million units in June. Initial jobless claims fell 3,000 to 309,000 for the week ended 7/12.